MELVILLE CAPITAL LIMITED

🚨Distressedactive
SC264259 · ltd · incorporated 2004-03-02
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-2.17M
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Activities of venture and development capital companies
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 50/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (85/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
50
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £2,169,285
Net assets shrinking
Down £4,285,885 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£2.2m
↓ 202% YoY
Current Assets
£1.0m
~ YoY
Current Liabilities
—
-£2.2m-£1.3m-£455k£402k£1.3m£2.1mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£-1.40M£1.34M
Current assets£1.01M£1.01M
Net assets£-2.17M£2.12M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-02-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-08-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-05-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-05-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-05-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-04-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2013-04-01
    ➕
    BAIRD, Iain Sydney Russell appointed
    secretary
  18. 2008-09-30
    ➖
    HENRY, Graeme William resigned
    secretary
  19. 2008-09-30
    ➖
    HENRY, Graeme William resigned
    director
  20. 2008-09-19
    ➖
    WOOD, Peter James resigned
    director
  21. 2007-01-29
    ➕
    WOOD, Peter James appointed
    director
  22. 2005-11-08
    ➖
    KILLBOURN, Marc resigned
    director
  23. 2005-08-16
    ➕
    HENRY, Graeme William appointed
    secretary
  24. 2005-08-16
    ➖
    D.W. COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  25. 2005-08-16
    ➕
    HENRY, Graeme William appointed
    director
  26. 2004-12-01
    ➕
    KILLBOURN, Marc appointed
    director
  27. 2004-06-30
    ➕
    DOUGLAS, David appointed
    director
  28. 2004-06-30
    ➕
    MORRISON, Angus Kennedy appointed
    director
  29. 2004-06-30
    ➖
    D.W. DIRECTOR 1 LIMITED resigned
    corporate-nominee-director
  30. 2004-03-02
    🏢
    Company incorporated
    As MELVILLE CAPITAL LIMITED
  31. 2004-03-02
    ➕
    D.W. COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  32. 2004-03-02
    ➕
    D.W. DIRECTOR 1 LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Angus Kennedy Morrison
Individual · British · DOB 09/1961 · age 65
25–50%
—25-50% shares06/04/2016
Mr David Douglas
Individual · British · DOB 06/1964 · age 62
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2004-03-02
Jurisdictionscotland
Primary SIC64303 — Activities of venture and development capital companies

Registered office

Atlantic House C/O Thomas Barrie & Co
1a Cadogan Street
Glasgow
G2 6QE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-16
Last: 2026-03-02

Officers (3 active · 6 resigned)

BAIRD, Iain Sydney Russell→
secretary · appointed 2013-04-01
View their other companies + combined net worth →
Active
DOUGLAS, David→
director · ~62y · appointed 2004-06-30
View their other companies + combined net worth →
Active
MORRISON, Angus Kennedy→
director · ~65y · appointed 2004-06-30
View their other companies + combined net worth →
Active
HENRY, Graeme William→
secretary · appointed 2005-08-16 · resigned 2008-09-30
Resigned
D.W. COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 2004-03-02 · resigned 2005-08-16
Resigned
HENRY, Graeme William→
director · ~61y · appointed 2005-08-16 · resigned 2008-09-30
Resigned
KILLBOURN, Marc→
director · ~57y · appointed 2004-12-01 · resigned 2005-11-08
Resigned
WOOD, Peter James→
director · ~53y · appointed 2007-01-29 · resigned 2008-09-19
Resigned
D.W. DIRECTOR 1 LIMITED→
corporate-nominee-director · appointed 2004-03-02 · resigned 2004-06-30
Resigned

Click a director name to see their full track record across all companies.

Recent filings (81 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-04
change-person-director-company-with-change-date
officers · CH01
2026-02-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
change-person-director-company-with-change-date
officers · CH01
2022-05-05
change-person-director-company-with-change-date
officers · CH01
2022-05-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-04-08